DJ SBA Communications Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of SBA Communications Corp. $(SBAC)$ slumped 0.12% to $193.16 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.26% to 5,360.79 and the Dow Jones Industrial Average rising 0.18% to 38,868.04.
This was the stock's fourth consecutive day of losses.
SBA Communications Corp. closed $65.60 short of its 52-week high ($258.76), which the company reached on December 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Verizon Communications Inc. $(VZ)$ fell 1.29% to $40.41, AT&T Inc. $(T)$ fell 1.33% to $17.86, and T-Mobile US Inc. $(TMUS)$ rose 0.48% to $180.69.
Trading volume (988,225) eclipsed its 50-day average volume of 902,751.
Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2024.
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(END) Dow Jones Newswires
June 10, 2024 17:08 ET (21:08 GMT)
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